Mathematics for FinancePYQ Sep 24Question 1483 of 479
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A loan of 16,550\displaystyle 16,550 is to be paid in three equal annual instalments at compound interest. The value of annual instalment, if the rate of interest is 10%\displaystyle 10\% per annum is:

Options

A1,243\displaystyle 1,243
B6,655\displaystyle 6,655
C6,565\displaystyle 6,565
D1,343\displaystyle 1,343
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Correct Answer

Option b6,655\displaystyle 6,655

All Options:

  • A1,243\displaystyle 1,243
  • B6,655\displaystyle 6,655
  • C6,565\displaystyle 6,565
  • D1,343\displaystyle 1,343

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